secwatch.observer — SEC 8-K summary
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Issuer:     Alset Inc. (AEI)
CIK:        0001750106
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001493152-22-012086
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Alset eHome director resigns; CEO repays $1.185M in overpaid NAV bonus
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- Ang Hay Kim Aileen resigned from board on April 29, 2022, for personal reasons; no disagreement with company.
- CEO Chan Heng Fai's NAV bonus true-up: actual $3,614,748.55 vs prior estimate of $4,800,000.
- CEO repaid $1,185,251.45 overpayment to the company on April 29, 2022.
- CEO's base salary remains $1/month; bonus tied to 5% of market cap growth and 5% of NAV growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750106/000149315222012086/0001493152-22-012086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750106/000149315222012086/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-012086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer